Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.
American Competitiveness, and the President’s New Relationship with American Business
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Robert Reich: President Obama must not be seduced into believing — and must not allow the public to be similarly seduced into thinking — that the well-being of American business is synonymous with the well-being of Americans.
Why We Can’t Rely on Foreign Consumers to Rescue American Jobs
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Robert Reich: Trade can’t possibly be a source of new American jobs. To the contrary, it reduces overall demand in the United States.
The Vanishing American Consumer and the Coming Trade War
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Robert Reich: We’re unlikely to see a repeat of the disastrous Smoot-Hawley tariffs that worsened and lengthened the Great Depression. But you can forget trade-opening agreements. In Toronto last week, the G-20 leaders dropped their 2009 pledge to finish the Doha round this year. In the U.S., agreements with South Korea, Panama, and Columbia are languishing.
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